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57 Elm Street, Bangor, ME 04401

$325,000
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Pending
BATHS2 full SQUARE FEET2,688 MLS#1650243
STATUSPending PROPERTY TYPEMulti Unit - Multiple SCHOOLBangor Public Schools

Property Description

Well-maintained 1900 duplex in a convenient Bangor location offering flexibility for owner occupancy or investment. The front unit features 3-4 bedrooms and 1 full bath and is currently unoccupied, allowing for owner occupancy or the ability to establish new rental terms. The rear unit offers 2 bedrooms and 1 full bath and is occupied under a month-to-month lease.After purchase in July 2021, the hot water systems were separated so each unit now has its own independent hot water supply including a newer heat pump hot water heater added to one of the units providing the individual hot water service. Additional improvements completed since purchase include replacement of the sewer line from the house to the city main connection, along with any associated plumbing updates required at that time.Utilities were also completely separated for each apt, meaning the natural gas and electric meters were separated so each unit has its own heating system and electric service. Smart thermostats were added, along with updated wiring and 24-volt transformers in each apartment.Further updates include new refrigerators and washer/dryer sets in both units, a new electric range in one unit, new laminate flooring, and new carpeting on the stairway to the second level in the smaller unit. The driveway has been resurfaced with crushed gravel.Located near hospitals, downtown, shopping, parks, and many local amenities. public transportation available within one block. This move-in-ready duplex offers a strong rental history, excellent positive cash flow potential, and an exceptional opportunity for owner occupancy or continued investment use in Bangor.

57 Elm Street | MLS# 1650243

This multi-family property located at 57 Elm Street, Bangor, ME 04401 is currently listed for sale with an asking price of $325,000. Elm Street is located within the Bangor Public Schools school district. Search Bangor real estate on www.masiellogrouprealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Interior Entry
Heating: Baseboard, Forced Air, Hot Water, Zoned, Radiator
Home Style: Mansard
Lot Size: 0.11 Acres
Roof Type: Flat, Membrane
Taxes: $3,743
Year Built: 1900

Feature Descriptions

Accessibilitiy: 32 - 36 Inch Doors
Electric: On Site, Circuit Breakers
Flooring: Carpet, Heavy Duty, Laminate, Other, Vinyl, Wood
Sewer: Public Sewer
SQ FT Above Grade: 2688
SQ FT Below Grade: 0
Water: Public

Local Schools

School District: Bangor Public Schools

Listed By / Shown By

Listed By

Agency Name: NextHome Experience
Agency Phone: 207-573-7400
Agent Name: Lisa Caron

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Estimated Payment

$ 1,130.02 per month $723.31 Principal & Interest $311.92 Property Tax $94.79 Homeowner's Insurance

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